Chefs’ Warehouse (NASDAQ:CHEF) is one of the most promising mid-cap consumer staples stocks under $100.
As of January 9 closing, the consensus ratings indicate a highly bullish sentiment towards Chefs’ Warehouse. The stock has received coverage from 7 analysts, 6 of whom have given Buy ratings, and there was just 1 Hold call. This has led to a consensus 1-year median price target of $76.71, which offers an upside potential of nearly 26% from the current level.
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On December 12, Todd Brookes from Benchmark Co also reiterated his favorable outlook on Chefs’ Warehouse. He assigned a Buy rating to the stock with a $75 price target estimate. This offers investors an upside potential of around 23%. Brookes’ rating and upside estimates came after meetings with the company management, referring to their tone as “as good as we can remember hearing.”
The analyst reiterated that the discussions indicated a lot of confidence in the underlying business momentum. Further backed by strong financial numbers, it has led to Brookes’ optimism on Chefs’ Warehouse.
Chefs’ Warehouse is a specialty food distributor and restaurant supplier that operates within the United States, Canada, and the Middle East. They cover a variety of product categories, including Dairy & Eggs, Meat & Poultry, Seafood, Oil & Vinegar, Pantry, Frozen Grocery, and Beverages. Their supply chain operations are based on 53 distribution centers and an extensive logistics network.
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This article is originally published at Insider Monkey.
